Brokerages Set Ero Copper Corp. (NYSE:ERO) Price Target at $32.50

Shares of Ero Copper Corp. (NYSE:ERO) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.50.

A number of research firms have weighed in on ERO. Stifel Canada downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Loop Capital set a $32.00 price objective on Ero Copper in a report on Tuesday, December 30th. CIBC reaffirmed a “neutral” rating on shares of Ero Copper in a report on Friday, December 5th. TD Securities cut shares of Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group upped their price target on shares of Ero Copper from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 14th.

Ero Copper Stock Up 4.9%

Ero Copper stock opened at $30.97 on Friday. Ero Copper has a 52 week low of $9.30 and a 52 week high of $31.75. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 23.29 and a beta of 1.22. The company’s 50-day moving average price is $26.20 and its two-hundred day moving average price is $20.40. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Ero Copper (NYSE:ERO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). Ero Copper had a return on equity of 17.07% and a net margin of 23.44%.The company had revenue of $177.10 million during the quarter, compared to analyst estimates of $309.30 million. On average, analysts expect that Ero Copper will post 0.71 EPS for the current fiscal year.

Institutional Trading of Ero Copper

A number of large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in shares of Ero Copper in the fourth quarter valued at $25,000. SG Americas Securities LLC acquired a new position in shares of Ero Copper in the 4th quarter worth $115,000. Banque Cantonale Vaudoise acquired a new position in shares of Ero Copper in the 3rd quarter worth $111,000. Brookstone Capital Management acquired a new stake in shares of Ero Copper during the fourth quarter worth $240,000. Finally, Shay Capital LLC purchased a new stake in shares of Ero Copper during the third quarter valued at $202,000. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.